Open Outside of Value

The indices experienced some selling early the morning and quickly reached oversold levels which are now in the process of working off as the United States wakes up.

Since our Sunday globex open, the S&P futures have been trading mostly flat in a very balanced and evenly distributed manner. This makes it difficult to envision any specific scenarios for today because all of the distributions are complete. Therefore we must focus our attention on the bracket extremes to gauge whether the market is coming out of balance and by which parties hand.

We are currently prices to open outside of yesterday’s value, but still within yesterday’s range. If the sellers can reject our value area from yesterday, we may see acceptance lower which would suggest a change in conditions from this current bull brigade, a subtle shift we should be aware of should it occur.

I have highlighted key price levels on the following market profile charts as well as displayed the very balanced trade occurring on a 24 hour profile view:

18 comments

Looks like I wont be winning stock pick of the year award 2013..No..No I won’t!

6wks left…OOoh it’s ugly this morning!
yes, I still hold core scoop from this past summer but must add that SRPT was my best stock performer in 2012 and I’ve locked in plenty of profit so far this year. Not that I’m trying to justify this (-50%) slash in stock price. (well..maybe slightly..hmm?)
A stop loss on that position would have been useless given this gap down when market opens.
I’ll follow in a bit..but have yet to read into this..

AWww thanks, Sir Raul..
that’s is very kind
I was in it at 3.00(after reverse split) back in 2011..and road it all the way up going into 2012..
trading around core a bagillion times.
I just road it up (+80%) not so long ago off 30 and pennies. posting entry/exit here on these pages.
Sh!tskies..I have no complaints this stock has been really good to me, really.
although, today’s big dipper is certainly a nasty one. Nature of the beast and why so many stay away from them.
But when they are good..they are OOooh So Good..
😉

yes..I more than dbl my position Filled at $12.1699
Order Date 11/13/2013, 10:07:42 AM ET
just getting the chance here to post.
sorry about that.
pushing cost avg down into teens..
pretty crazy..yes sireeee

keep an eye on:
CYTORI THERAPEUTICS INC COM
and
STAR SCIENTIFIC INC
both have come in off their last runs.
after profit taking..
I do hold core postion CYTX at $2.14 from 10/08/2013
and core STSI at $1.17 from 05/01/2013